FinWise Bancorp (NASDAQ:FINW) Given New $22.00 Price Target at Piper Sandler

FinWise Bancorp (NASDAQ:FINW) had its price objective lifted by Piper Sandler from $20.00 to $22.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Raymond James began coverage on FinWise Bancorp in a research note on Wednesday, December 18th. They set an “outperform” rating and a $21.00 target price for the company. Stephens boosted their price objective on shares of FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th.

FinWise Bancorp Stock Up 11.5 %

Shares of FinWise Bancorp stock opened at $18.53 on Friday. FinWise Bancorp has a 52-week low of $8.72 and a 52-week high of $20.50. The company has a market capitalization of $244.78 million, a P/E ratio of 17.48 and a beta of 0.77. The company has a 50 day moving average of $17.05 and a 200 day moving average of $15.43.

FinWise Bancorp (NASDAQ:FINW) last issued its earnings results on Monday, February 3rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). FinWise Bancorp had a return on equity of 8.63% and a net margin of 14.78%. As a group, research analysts anticipate that FinWise Bancorp will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of FinWise Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP acquired a new position in FinWise Bancorp in the third quarter valued at $6,209,000. Dimensional Fund Advisors LP grew its holdings in shares of FinWise Bancorp by 25.8% during the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock worth $958,000 after buying an additional 19,235 shares during the last quarter. Geode Capital Management LLC increased its position in FinWise Bancorp by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock valued at $1,429,000 after acquiring an additional 16,309 shares during the period. Barclays PLC purchased a new stake in FinWise Bancorp during the 3rd quarter valued at approximately $47,000. Finally, Empowered Funds LLC lifted its position in FinWise Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock worth $335,000 after acquiring an additional 1,072 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

FinWise Bancorp Company Profile

FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah. The company offers various deposit products, including interest and noninterest bearing demand accounts, health savings account demand deposits, NOW and money market accounts, and checking and savings accounts, as well as time deposits and certificates of deposits.